Core Viewpoint - GAC Group is undergoing significant organizational changes, including personnel adjustments and a comprehensive reform of its marketing system, aimed at enhancing user orientation and improving overall performance [1][2][3][4] Group 1: Personnel Changes - Yang Long is expected to replace Xiao Yong as the Deputy General Manager and Head of Marketing at GAC Aion, pending official confirmation from GAC Group [1] - GAC Group is implementing a competitive selection mechanism for mid-level management positions across its three brands: Aion, Trumpchi, and Haobo [1][4] - The new Chief Marketing Officers for Trumpchi and Haobo have been appointed, both of whom are external professionals with experience in internet companies [2] Group 2: Marketing Strategy - GAC Aion is shifting its focus towards the C-end market, launching new models such as the Tyrannosaurus, RT, and UT to strengthen its position in the competitive price range of 70,000 to 150,000 yuan [2] - The marketing strategy includes separating B and C-end sales channels, with dedicated experience centers for C-end customers and separate centers for B-end sales [2] Group 3: Organizational Reform - GAC Group is actively pursuing a comprehensive reform strategy known as the "Panyu Action," which includes management model transformation, R&D restructuring, and marketing integration [3][4] - The company aims to achieve integrated management across research, production, supply, sales, and finance, reducing the standard development cycle for models to 18 months and cutting R&D costs by over 10% [3] - GAC Group is also focusing on enhancing supply chain efficiency and decision-making processes, with improvements estimated at around 50% [3] Group 4: Performance Goals - GAC Group is committed to stabilizing its performance in the second half of the year, emphasizing user demand, product value, and service experience as key areas of focus [4] - The company plans to expand its overseas market presence and establish a competitive cost control system as part of its strategic initiatives [4]

Core Viewpoint - The official launch of the high-end intelligent electric vehicle brand "Qijing" by GAC Group marks a new phase in the strategic partnership with Huawei, aiming to integrate their respective strengths in technology and manufacturing [2] Group 1: Strategic Collaboration - GAC Group and Huawei will deeply integrate Huawei's advantages in intelligent driving, smart cockpit, user ecosystem, and brand marketing with GAC's expertise in battery technology and vehicle manufacturing [2] - This collaboration aims to inject core competitiveness into the "Qijing" brand [2] Group 2: Future Outlook - The "Qijing" brand is expected to provide innovative products and services, offering users a forward-looking intelligent travel experience [2]

Group 1 - GAC Group has undergone significant organizational changes and personnel adjustments in 2023, including the establishment of three major brand marketing departments for its brands, GAC Trumpchi, Aion, and Haobo, effective January 1, 2025 [1] - Despite these reforms, the sales of GAC's key brands continue to decline, with GAC Trumpchi's sales down 18.66% year-on-year to 197,014 units, Aion's sales down 17.31% to 154,119 units, and Haobo's sales at a low level of 8,992 units [2][3] - The company is actively recruiting globally for key positions, including CMO roles for Trumpchi and Haobo, amidst internal restructuring and a push for a competitive appointment system for mid-level management [1][2] Group 2 - GAC Aion has struggled with brand positioning, primarily targeting the low-end ride-hailing market, which has hindered its ability to attract C-end consumers, leading to a significant drop in sales [3] - GAC Trumpchi plans to accelerate its integration operations and product structure adjustments in 2025, focusing on mainstream new energy power forms, including range-extended, plug-in hybrid, and pure electric vehicles, while enhancing collaboration with Huawei [2] - GAC Haobo has faced challenges since its launch in September 2022, with ongoing adjustments to its brand positioning and insufficient product competitiveness, resulting in disappointing sales performance [3]

Core Viewpoint - GAC Group is collaborating with Huawei to launch a new high-end smart electric vehicle brand named "Qijing," aiming to enhance its market position amid declining sales [1][2]. Group 1: Brand and Product Development - The new brand "Qijing" will feature vehicles equipped with Huawei's advanced smart driving and cockpit technologies, combining Huawei's tech expertise with GAC's manufacturing quality [1][2]. - The first model under the "Qijing" brand is expected to be a luxury smart electric vehicle priced around 300,000 RMB, with both pure electric and range-extended power options, set to launch in 2026 [1][2]. - Two models, a sedan and an SUV, are planned for release in 2026, targeting the market segment above 200,000 RMB but positioned more towards the high-end [1][2]. Group 2: Sales Performance and Goals - GAC Group's vehicle sales for the first eight months of 2025 reached 1.0105 million units, reflecting a year-on-year decline of 12.32% [3]. - In 2024, GAC Group's total sales were 2.0031 million units, down 20.04% year-on-year, marking a return to 2017 sales levels [4]. - The company aims for a sales target of 2.3035 million units for 2025, but has only achieved approximately 44% of this target by August 2025, indicating challenges in meeting the annual goal [5].

（文章来源：证券日报） 本报讯 （记者袁传玺）天眼查App显示，9月16日，广州汽车集团股份有限公司申请的"轮足机器人及轮 足移动终端"专利公布。 ...

企查查APP显示，近日，广汽集团(601238)申请的"轮足机器人及轮足移动终端"专利公布。企查查专利 摘要显示，该发明的轮足机器人，膝关节电机直接设置在大腿支架与小腿支架的连接处，直接驱动小腿 支架旋转，不需要设置皮带传动装置，零部件较少、结构更为简单、重量较轻，提升了轮足机器人的越 障能力。 ...

Core Insights - Guangzhou Automobile Group Co., Ltd. is focusing on developing end-to-end large model architecture based on generative AI for smart driving, enhancing collaboration with technology companies [1] - The company has achieved coverage of smart driving technology from Level 2 to Level 4, with a nationwide rollout of urban navigation assistance systems and has obtained the first batch of national Level 3 road test qualifications [1] - The self-developed Level 4 Robotaxi has commenced demonstration operations, and the company has partnered with Didi to launch the first mass-produced Level 4 vehicle with global adaptability [1] - In terms of low-carbon electrification, the company will concentrate on core technologies related to batteries and integrated electric drive systems, accelerating self-research and production [1] - The company plans to develop a new generation of high energy density batteries and electric drive controllers, with expectations to have the new battery cells installed in vehicles by 2027 [1]

Group 1 - GAC Group announced plans to issue corporate bonds and medium-term notes totaling up to RMB 150 billion each [1] - The issuance will be submitted to both the Shanghai Stock Exchange and the China Interbank Market Dealers Association [1]

Group 1 - GAC Group held its 10th meeting of the 7th Board of Directors on September 12, 2025, via telecommunication, discussing the revision of the "Board Meeting Rules" [1] - For the first half of 2025, GAC Group's revenue composition was as follows: vehicle manufacturing accounted for 57.85%, trade services 30.82%, other sectors 6.39%, and parts manufacturing 4.94% [1] - As of the report date, GAC Group's market capitalization was 78.8 billion yuan [1]

GUANGZHOU AUTOMOBILE GROUP CO., LTD. 2238 二零二五年第三次臨時股東大會適用之H股股東代理人委任表格 本人╱吾等 （附註一） 地址為 為廣州汽車集團股份有限公司（「本公司」） 股 海外上市外資股（H股） （附註二） 之股東。茲委任 （附註三及四） 寓 如其未克出席，則委任 （附註三及四） 寓 或如其未克出席，則委任大會主席或本公司任何一位董事為本人╱ 吾等所持本公司股本中H股 （附註五） 股之代理人，代表本人╱吾等出席於二零二五年九月二十九日（星期一）下午二時正 假座中國廣東省廣州市番禺區金山大道東668號T2棟一樓102會議室舉行的本公司二零二五年第三次臨時股東大會或 其遞延會議（「大會」），藉以考慮及酌情通過大會通告所載之決議案，並於該大會代表本人╱吾等，依照下列指示就 以下所列決議案投票，如無作出指示，則由本人╱吾等之代理人酌情決定投票。 | | 普通決議案 | （附註七） 贊成 | （附註七） 反對 | 棄權 | （附註七） | | --- | --- | --- | --- | --- | --- | | 1. | 關於本公司符合發行公司債券條件的議案 | | ...